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There's Tension, RIGHT NOW, In Platinum


Wow! Palladium is down $67 at the moment; read my blog written earlier in the day on this move, which is not surprising to me. 

But what is interesting is the tension in the Platinum market. With the decline in Palladium, and Gold's drop at the moment of $5.7 to $1315.7, that would normally put pressure on Platinum. At the moment though, Platinum is resisting this sell off, and is down only $3.00 to $862.4. THAT IS A STATEMENT. It suggests to me that before the day is over, Platinum will be up significantly. Of course trying to determine very short term moves is perhaps somewhat intuitive, but, perhaps, more of a guess! :-) After all, it is easy for the market to just give it up and sell off. 

My bet though!? Platinum is a buy here and now and beginning to make its statement about relative value versus Palladium. I don't think though, that the market has yet digested the kinds of themes I discuss in my eBook, where my view is that Platinum, while a relative value, is importantly, an absolute value at today's levels, for many reasons.


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